CBOT Trends-Wheat up 2-5 cents, corn down 1-3 cents, soy up 2-5 cents

Reuters
06-13
CBOT Trends-Wheat up 2-5 cents, corn down 1-3 cents, soy up 2-5 cents

CHICAGO, June 13 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday:

WHEAT - Up 2 to 5 cents per bushel

  • CBOT wheat ticked up as rain in the U.S. Plains delayed harvests, but large crops are expected in the U.S., Europe and Russia, according to analysts.

  • Weather forecaster Commodity Weather Group predicted "monsoonal showers" would hinder the harvest in the U.S. Central Plains in the next 16-30 days.

  • Tunisia is receiving offers in its 75,000 metric ton soft wheat tender, traders say.

  • CBOT July soft red winter wheat WN25 was last up 4-1/4 cents at $5.30-3/4 per bushel. K.C. July hard red winter wheat KWN25 rose 2-1/2 cents to $5.25-14 per bushel, and Minneapolis July spring wheat MWEN25 gained 1 cent to $6.21-3/4 per bushel.

CORN - Down 1 to 3 cents

  • CBOT corn headed lower amid favorable growing weather in the U.S.

  • The market shrugged off U.S. Department of Agriculture data lowering the forecast of U.S. 2024/25 corn ending stocks to 1.365 billion bushels, down from 1.415 billion in May and below an average of analyst expectations, reflecting an increased estimate of 2024/25 corn exports.

  • A warm showery pattern is expected to reach dry spots in U.S. Midwest corn in the coming weeks, according to Commodity Weather Group.

  • CBOT July corn CN25 fell 2-1/4 cents at $4.36-1/4 per bushel.

SOYBEANS - Up 2 to 5 cents

  • CBOT soybeans Sv1 firmed on a jump in crude oil prices after Israel conducted strikes on Iran, though the oilseed market was capped by uncertainty over U.S. biofuel targets and expectations of abundant global supply.

  • Oil prices jumped over $5 on Friday to multi-month highs after Israel launched strikes against Iran, sparking Iranian retaliation and raising worries about a disruption in Middle East oil supplies. Rising oil prices tend to make soy biodiesel more attractive, analysts said.

  • The U.S. Environmental Protection Agency on Friday will propose new biofuel blending requirements for oil refiners for the coming two years that will likely include a lower biomass-based diesel mandate than industry groups had requested, according to four sources familiar with the matter.

  • Archer-Daniels-Midland, a major U.S. soybean crusher and biofuel producer, slashed its bids to buy the oilseed this week ahead of an expected Trump administration announcement on biofuel blending requirements, a primary driver of demand for soybean oil.

  • July soybeans SN25 were last up 4-1/4 cents at $10.46-1/2 per bushel.

(Reporting by Renee Hickman in Chicago; Editing by Shreya Biswas)

((renee.hickman@thomsonreuters.com))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10